Oaktree Specialty Lending Corp (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 59,284 shares of Oaktree Specialty Lending stock in a transaction on Monday, July 8th. The shares were sold at an average price of $5.43, for a total value of $321,912.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
OCSL opened at $5.32 on Friday. Oaktree Specialty Lending Corp has a 12 month low of $4.08 and a 12 month high of $5.75. The firm has a market cap of $755.55 million, a PE ratio of 12.37, a price-to-earnings-growth ratio of 5.55 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.06 and a quick ratio of 0.06. The business’s fifty day moving average is $5.43.
Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Wednesday, May 8th. The credit services provider reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Oaktree Specialty Lending had a return on equity of 7.62% and a net margin of 102.18%. The firm had revenue of $38.24 million during the quarter, compared to analysts’ expectations of $36.90 million. As a group, equities research analysts anticipate that Oaktree Specialty Lending Corp will post 0.49 EPS for the current year.
A number of brokerages have recently weighed in on OCSL. Zacks Investment Research cut Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. National Securities reissued a “sell” rating and set a $4.00 target price on shares of Prospect Capital in a research note on Monday, May 13th. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, TheStreet raised Vermilion Energy from a “d+” rating to a “c” rating in a research note on Friday, March 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Oaktree Specialty Lending presently has an average rating of “Buy” and an average price target of $5.88.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Bridge LLC purchased a new stake in Oaktree Specialty Lending during the 1st quarter worth about $28,000. Quantamental Technologies LLC purchased a new stake in Oaktree Specialty Lending during the 1st quarter worth about $28,000. Group One Trading L.P. lifted its holdings in Oaktree Specialty Lending by 125.8% during the 1st quarter. Group One Trading L.P. now owns 12,025 shares of the credit services provider’s stock worth $62,000 after buying an additional 6,700 shares during the last quarter. Almitas Capital LLC purchased a new stake in Oaktree Specialty Lending during the 1st quarter worth about $72,000. Finally, Jane Street Group LLC purchased a new stake in Oaktree Specialty Lending during the 4th quarter worth about $76,000. 48.28% of the stock is owned by institutional investors.
About Oaktree Specialty Lending
Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.
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